Rs 1,382+ crore order book: This civil engineering company bags new order worth Rs 1,90,46,309.20 from Kalpataru Projects (International) Ltd
The stock gave multibagger returns of 746.3 per cent from its 52-week low of Rs 91.55 per share.
On Monday, one of the Top Gainers on NSE, shares of RBM Infracon Ltd hit a 5 per cent upper circuit to Rs 774.75 per share from its previous closing of Rs 737.90. The stock’s 52-week high is Rs 821.70 and its 52-week low is Rs 91.55.
RBM Infracon Limited is delighted to announce that it has secured new work orders valued at Rs. 1,90,46,309.20 (including taxes). These orders have been received from Kalpataru Projects (International) Ltd. for cleaning, grubbing, infrastructural work, and embankment filling with suitable soil in Noida. The project is valued at Rs 1,90,46,309.20 and is expected to be completed as per the site requirements. The company is committed to delivering high-quality services and completing the project within the stipulated timeframe.
RBM Infracon Limited is a relatively young company established in 2013. Its core business revolves around the engineering, construction, and maintenance of mechanical equipment for a wide range of industries, including oil and gas, cement, fertilizers, petrochemicals and power plants. Essentially, they specialize in bringing complex mechanical systems to life and ensuring their optimal performance. RBM Infracon Ltd with an order book of Rs 1,382 crore as of June 30, 2024, aims to achieve an order book of Rs 1,800+ crore in FY25 and Rs 2,500+ crore in FY26.
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The company operates by securing contracts primarily through direct negotiations with medium to large infrastructure companies. Their service offerings are extensive, encompassing structural work, piping, tankage, maintenance, turnarounds, painting, insulation, electrical and instrumentation systems, and material handling solutions. RBM Infracon has successfully collaborated with industry giants such as Reliance Industries, Nayara Energy Limited, Afcons Infrastructure Ltd., Chemie-Tech-DORC-Nigeria, Chemie-Tech-Malta, GPPL- Malta, YARA Fertilizers, TATA Projects and L&T, demonstrating their capacity to deliver on large-scale projects.
The company has a market cap of Rs 776 crore with an ROE of 20 per cent and an ROCE of 28 per cent. The stock gave multibagger returns of 746.3 per cent from its 52-week low of Rs 91.55 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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